Multibagger Metals Stock Under Rs 51 To Reward 2 Bonus Shares, Rallies 20% In 1-Week

Small cap company operating under metals & ferrous sector, Rama Steel Tubes Ltd shares witnessed a sharp rally of 20% in last 1-week as Board Of Directors of the company recommended 2 bonus shares for every one share held.

Last trading price of Rama Steel Tubes shares on BSE is quoted at Rs 46.20 apiece with intraday gain of 1.69%. Rama Steel Tubes shares offered shareholders multibagger returns as shares jumped 214% in last 2-years span. Check details below:

Rama Steel Tubes Recommends 2:1 Bonus Shares: As per the BSE filing of the company dated January 24, 2024, "Issue of Bonus Shares in the proportion of 2: 1 i.e. 2 (Two) fully paid-up bonus equity share of Re 1/- (Rupee One only) each for every 1 (One) fully paid-up equity share of Re 1/- (Rupee One only) each held by the Members of the Company as on the Record Date, subject to approval of Members of the Company through Postal Ballot."

Rama Steel Tubes Stock Performance & Return: The 52-week high price of Rama Steel Tubes shares on BSE is Rs 50.50 apiece and 52-week low price is Rs 26.10 apiece, respectively. The company has a market capitalisation of Rs 2279.30 crore. The small cap stock surged 23% in last 2-weeks, gained 31% in last 1-month, soared 22% in last 1-year, and offered return of 1371% in last 3-years. In last 5-years, Rama Steel Tubes shares jumped 1037%.

Rama Steel Tubes Financials: The company announced its standalone quarterly numbers for the quarter ended September 30, 2023. Its Net Sales was reported at Rs 155.63 crore in September 2023, down 37.76% as against Rs 250.03 crore in the corresponding quarter of last year. its quarterly net profit declared at Rs 4.00 crore in September 2023, up 141.05% from Rs. 1.66 crore reported in September 2022. Meanwhile, the company's EBITDA stood at Rs 7.64 crore in September 2023, up 42.54% from Rs 5.36 crore declared in September 2022. The company's EPS declined to Rs. 0.08 in September 2023 from Rs. 0.20 in September 2022.

Rama Steel Tubes About: Rama Steel Tubes is engaged in the manufacturing of steel pipes, tubes, and G.I. pipes in India. In came into existence in 1974. The company has a 20% export rate and a global presence in more than 16 countries.

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